SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)

  X      Quarterly Report pursuant to Section 13 or 15(d) of the Securities
-----    Exchange Act of 1934

For the quarterly period ended August 31, 2004.

_____    Transition report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

For the transition period from ______________________ to ____________________

Commission File No.     000-27225
                    ----------------

                                  ENETPC, INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Minnesota                                    41-1427445
---------------------------------          -------------------------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
 incorporation or organization)

11974 Portland Ave
Burnsville, Minnesota                                      55337
----------------------------------------            --------------------
(Address of principal executive offices)                (ZIP Code)

Issuer's telephone number, including area code:       (952) 890-2362
                                                    --------------------



--------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)

Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter period that the issuer was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes  X  No
                  ---    ---
         The number of shares of the issuer's Common Stock outstanding at
October 15, 2004 was 3,939,000 shares.


<PAGE>


                                  ENETPC, INC.

                                TABLE OF CONTENTS

                                                                       Page No.
                                                                     -----------
                          Part I. Financial Information

Item 1. Financial Statements

        Balance Sheets as of August 31, 2004 (unaudited)
        and February 29, 2004                                             3

        Statements  of  Operations  for Three Months and
        Six Months Ended August 31, 2004 and 2003 (unaudited)             4

        Statements of Cash Flows for the Six Months Ended
        August 31, 2004 and 2003 (unaudited)                              5

        Notes to the Financial Statements (unaudited)                     6

Item 2. Management's Discussion and Analysis                              7

                           Part II. Other Information

Item 3. Controls and Procedures                                           9

        Signature                                                         9

        Certifications                                                   10




                                      -2-
<PAGE>


                                  eNETPC, INC.
                                 BALANCE SHEETS

                                                       August 31    February 29
                                                          2004          2004
                                                     ............   ............
ASSETS                                               (Unaudited)
Current assets:
        Cash                                         $     2,772    $     9,683
        Accounts receivable, less allowance
        for doubtful accounts - $0 at August 31,
        2004 and $0 at February 29, 2004                  18,730         21,880
        Inventories                                          564           --
        Prepaid expenses                                     804           --
                                                     ............   ............
Total current assets                                      22,870         31,563

Property and equipment:
        Office equipment and furniture                   455,026        455,026
        Leasehold improvements                            37,271         37,271
        Production equipment                              61,515         61,515
                                                     ............   ............
                                                         553,812        553,812
        Accumulated depreciation                        (553,812)      (553,812)
                                                     ............   ............
Other Assets                                                --             --
Other Assets                                                --             --
                                                     -----------    -----------
Total assets                                         $    22,870    $    31,563
                                                     ===========    ===========


LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
       Accounts payable                                   99,781         61,441
       Accrued liabilities                                   853            880
       Due to stockholder                                   --           16,977
                                                     ...........    ...........
Total current liabilities                                100,634         79,298

Shareholders' equity(deficit):
         Common stock, $.01 par value
              Authorized shares - 20,000,000
              Issued and outstanding shares -
              3,939,000                                   39,390         39,390
         Additional paid-in capital                    4,217,841      4,217,841
         Stockholder Subscription Receivable             (15,000)       (22,500)
         Accumulated deficit                          (4,319,995)    (4,282,466)
                                                     ...........    ...........
Total shareholders' equity(deficit)                      (77,764)       (47,735)
                                                     -----------    -----------
Total liabilities and shareholders' equity(deficit)  $    22,870    $    31,563
                                                     ===========    ===========


                                      -3-
<PAGE>


                                  eNETPC, INC.

STATEMENT OF OPERATIONS (UNAUDITED)

                                 THREE MONTHS ENDING       SIX MONTHS ENDING
                                       31-Aug                    31-Aug

                                   2004        2003        2004         2003
                                ---------   ---------   ---------   -----------
Sales                           $  46,238   $  40,442   $ 100,968   $   106,299
Cost of Sales                      25,219      14,349      67,806        61,148
                                ---------   ---------   ---------   -----------
      Total Gross Profit           21,019      26,093      33,162        45,151

Operating expenses:
     General and administrative    41,611      65,188      65,900       130,149
                                ---------   ---------   ---------   -----------
                                   41,611      65,188      65,900       130,149
                                ---------   ---------   ---------   -----------

Profit or (loss) from operations  (20,592)    (39,095)    (32,738)      (84,998)

Other income (expense):
      Interest Expense             (4,791)     (4,050)     (4,791)      (11,043)
                                ---------   ---------   ---------   -----------
                                   (4,791)     (4,050)     (4,791)      (11,043
                                ---------   ---------   ---------   -----------
Net income (loss)               $ (25,383)  $ (43,145)  $ (37,529)  $   (96,041)
                                =========   =========   =========   ===========


Net loss per common share -
basic and diluted               $   (0.02)  $   (0.01)  $   (0.02)  $     (0.02)

Weighted average common shares
 outstanding -
 basic and diluted              1,671,675   4,854,320   1,671,675     4,854,320

SEE ACCOMPANYING NOTES


                                      -4-
<PAGE>


                       eNETPC, INC.
           STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                             SIX MONTHS ENDED
                                                                  31-Aug
 (Unaudited)                                                2004         2003
                                                         ----------   ----------

CASH FLOWS USED IN OPERATING ACTIVITIES
Net profit (loss)                                        $ (37,529)   $ (96,041)
Adjustments to reconcile net profit (loss) to net cash
     used in operating activities:
      Depreciation and amortization                           --         40,885
      Changes in operating assets and liabilities:
        Accounts Receivable                                  3,150      112,291
        Inventories                                           (564)        --
        Prepaid expenses                                      (804)         234
        Accounts payable                                    38,340      (20,629)
        Accrued expenses                                       (27)       8,500
                                                         ----------   ----------
Net cash provided by (used in) operating activities          2,566       45,240

CASH FLOWS USED IN INVESTING ACTIVITIES
Purchases of property and equipment                           --           --
                                                         ----------   ----------
Net cash provided (used in) investing activities              --           --

CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from due to stockholder                       (16,977)        --
Net proceeds from stock subscription receivable              7,500
Net proceeds from sale of common stock                                      500
Net payments from note payable - bank                         --        (35,000)
                                                         ----------   ----------
Net cash provided by (used in) financing activities         (9,477)     (34,500)

Decrease in cash                                            (6,911)      10,740
Cash at beginning of period                                  9,683        1,241
                                                         ----------   ----------
Cash at end of period                                    $   2,772    $  11,981
                                                         ==========   ==========


                                      -5-
<PAGE>


                                  ENETPC, INC.
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)

Note 1. BASIS OF PRESENTATION

The accompanying unaudited financial statements of eNetpc, Inc. (the "Company")
as of August 31, 2004 and for the three months and six months ended August 31,
2004 and 2003 have been prepared by the Company, without audit, pursuant to
rules and regulations of the Securities and Exchange Commission ("SEC"). Certain
information and footnote disclosures, normally included in financial statements
prepared in accordance with accounting principles generally accepted in the
United States of America, have been condensed or omitted pursuant to such rules
and regulations. In the opinion of management, the financial statements included
in this Form 10-QSB include all adjustments, consisting only of normal and
recurring adjustments, considered necessary for a fair presentation of the
financial position and the results of operations and cash flows for the periods
presented. Operating results for the three months ended August 31, 2004 are not
necessarily indicative of the results that may be expected for the year ending
February 28, 2005. These condensed financial statements and footnote disclosures
should be read in conjunction with the financial statements and footnotes
thereto for the year ended February 29, 2004, included in the Company's Annual
Report on Form 10-KSB. The preparation of the financial statements in conformity
with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect amounts
reported in the financial statements and accompanying notes to the financial
statements. Actual results could differ from those estimates.


Note 2. INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out) or market.
Inventories consist principally of purchased components.


Note 3. NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per share is computed based on the weighted average
number of common shares outstanding during each period. Diluted net income
(loss) per share includes the incremental shares assumed issued on the exercise
of stock options. Basic and diluted net income (loss) per share are equal
because the effect of the outstanding stock options and warrants is
antidilutive.


                                      -6-
<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

                              RESULTS OF OPERATIONS

The following table sets forth, for the periods indicated, statement of
operations data as a percentage of net sales:

                                      Three Months Ended    Six Months Ended
                                            Aug 31               Aug 31

                                       2004       2003       2004       2003
                                      ------     ------     ------     ------

Sales                                 100.0%     100.0%     100.0%     100.0%
Cost of sales                          54.5       35.5       67.2       57.5
                                      ------     ------     ------     ------
Gross profit                           45.5       64.5       32.8       42.5
                                      ------     ------     ------     ------

Operating expenses
General and administrative             90.0      161.2       65.3      122.4
                                      ------     ------     ------     ------

Income (loss) from operations         (44.5)     (96.7)     (32.5)     (79.9)
Other income (expense)                (10.4)     (10.0)      (4.8)     (10.4)
                                      ------     ------     ------     ------

Net income (loss)                     (54.9)%   (106.7)%    (37.3)%    (90.3)%
                                      ======     ======     ======     ======


COMPARISON OF THE THREE MONTHS ENDED AUGUST 31, 2004 AND 2003

NET SALES. Net sales increased $5,796 or 9%, to $46,238 in the three months
ended August 31, 2004 compared to $40,442 for the three months ended August 31,
2003.

GROSS PROFIT. Gross profit for the second quarter of fiscal 2005 was $21,019 or
45.5% of net sales, compared to $26,093, or 64.5% of net sales, in the prior
year.

OPERATING EXPENSES. General, administrative and sales expenses were $41,611, or
90.% of net sales, in the second quarter of fiscal 2005 compared to $65,188, or
161.2% of net sales, in the second quarter of fiscal 2004. This decrease is due
primarily to the reduction in administrative personnel and related operating
expenses during fiscal 2005.

Loss from operations decreased by $18,503 to ($20,592) in the second quarter of
fiscal 2005 from a loss of ($39,095) in fiscal 2004, reflecting the decrease in
net sales and related gross profit, and the decrease in operating expenses.

Interest expense decreased by $1,456 to $2,594 in the second quarter of fiscal
2005 from $4,050 in fiscal 2004.

As a result of the foregoing factors, net loss decreased by $17,762 to ($25,383)
in the second quarter of fiscal 2005 from a loss of ($43,145) in fiscal 2004.



LIQUIDITY AND CAPITAL RESOURCES

The Company's cash position at August 31, 2004 was $2,772 a decrease of $6,911
from $9,683 at February 29, 2004. During the six months ended August 31, 2004,
net cash provided by operating activities was $2,566 due primarily to the
increase in account's payable $38,340, and the net loss of ($37,529).


                                      -7-
<PAGE>


Net cash used in investing activities in the six months ended August 31, 2004
was $0.

Net cash used by financing activities in the six months ended August 31, 2004
was $9,477.

     The Company is planning to convert to a "Business Development Company" in
the third quarter of its fiscal year. A "Business Development Company" or BDC is
a publicly traded, closed end investment company, which can raise money in the
public sector and invest, in the private sector. Stock issued by a BDC is exempt
from registration under the Securities and Exchange Act of 1933. Consequently,
stock issued by a BDC to a purchaser can be immediately resold onto the market.
Up to $5,000,000 in exempt stock can be issued per year.

SIGNIFICANT ACCOUNTING POLICIES

     The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and the disclosure of contingent assets and liabilities
at the dates of the financial statements and reported amounts of revenues and
expenses during the reporting periods. The Company's significant accounting
policies are described in Note 1 to the financial statements for the year ended
February 29, 2004. The accounting policies used in preparing our interim 2005
financial statements are the same as those described in February 29, 2004
financial statements. The most significant estimates and assumptions relate to
the valuation of inventory, capitalized software development costs, and the
reserves set aside for bad debts. Actual amounts could differ from these
estimates.

     Inventory Valuation

     Inventories consist primarily of purchased components and are valued at the
lower of cost or market (first-in, first-out method). Because of the continuing
pressure on component pricing in the computer industry, the company regularly
reviews the costs used to value inventory and adjusts them to reflect upward or
downward market values.

     Within the last year, the Company has changed its method of operation from
an inventory carrying manufacturer to outsourcing the manufacture and delivery
of its hardware products. This change allows the Company to minimize the
carrying costs associated with large amounts of inventory and also decreases
significantly the risks of obsolescence and loss. The Company continues to
further reduce its inventory levels and associated risks by selling off all
excess items.

     Capitalized Software Development

     Under the provisions of SOP 98-1, the Company capitalizes costs associated
with software developed or obtained for internal use when both the preliminary
project stage is completed and management has authorized further funding for the
project which it deems probable will be completed and used to perform the
function intended. Capitalized costs include only (1) external direct costs of
materials and services consumed in developing or obtaining internal use
software, (2) payroll and payroll related costs for employees who are directly
associated with and who devote time to the internal use software project, and
(3) interest costs incurred, when material, while developing internal use
software. Capitalization of such costs ceases no later than the point at which
the project is substantially complete and ready for its intended purpose.

     Reserves Set Aside for Bad Debts called "Allowance for Doubtful Accounts"

     The Company reviews customers' credit history before extending credit.
Generally, a minimum credit limit is established for a first time customer with
acceptable credit ratings. As experience is gained with a customer, an increase
in the credit limit can be made based on acceptable payment performance. An
allowance for doubtful accounts is made only after collection efforts have been
expended and management assesses the situation as unrecoverable, based upon
factors surrounding the credit risk, historical trend and other information.
Reserves are set aside on a customer by customer basis rather than on a
percentage basis of all customers.


                                      -8-
<PAGE>


Forward-Looking Statements
--------------------------

Forward-looking statements herein are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. There are
certain important factors that could cause results to differ materially from
those anticipated by some of the statements made herein. Investors are cautioned
that all forward-looking statements involve risks and uncertainty. Among the
factors that could cause actual results to differ materially are the following:
market acceptance of new products, changes in competitive environment, general
conditions in the industries served by the Company's products, continued
availability of financing and related costs, and overall economic conditions
including inflation.


                           PART II. OTHER INFORMATION


ITEM 3:  CONTROLS AND PROCEDURES.

     Under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, we
conducted an evaluation of our disclosure controls and procedures, as such term
is defined under Rule 13a-14(c) promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act") as of August 31, 2004. Based on their
evaluation, our principal executive officer and principal accounting officer
concluded that eNetpc, Inc.'s disclosure controls and procedures are effective.

     There have been no significant changes (including corrective actions with
regard to significant deficiencies or material weaknesses) in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation referenced above.


                                    SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                         eNETPC, INC.


Dated:  October 15, 2004                 By    /s/ Richard A. Pomije
                                               ---------------------------
                                               Richard A. Pomije
                                               Its Chief Executive Officer


                                      -9-
<PAGE>


                                 CERTIFICATIONS

I, Richard A. Pomije, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of eNetpc, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.   I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of the end of the period covered by of this quarterly report (the
"Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5.   I have disclosed, based on our most recent evaluation, to the registrant's
auditors and the audit committee of registrant's board of directors (or persons
performing the equivalent functions):

     a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6.   I have indicated in this quarterly report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most recent
evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.


Date: October 15, 2004         Signed:   /s/  Richard A. Pomije
                                        ---------------------------------------
                               Name:    Richard A. Pomije
                               Title:   Chief Executive Officer and principal
                                        financial officer of eNetpc, Inc.


                                      -10-
<PAGE>


                            CERTIFICATION PURSUANT TO
                 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         I, Richard A. Pomije, the Chief Executive Officer and principal
financial officer of eNetpc, Inc. (the "Company") in compliance with 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, hereby certify that, the Company's Quarterly Report on Form 10-QSB for the
period ended August 31, 2004 fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934 and fairly presents, in
all material respects, the financial condition and results of operations of the
Company.


Date: October 15, 2004         Signed:   /s/  Richard A. Pomije
                                        ---------------------------------------
                               Name:    Richard A. Pomije
                               Title:   Chief Executive Officer and principal
                                        financial officer of eNetpc, Inc.